From the daily archives: Sunday, June 2, 2013

A legislative panel made an odd request of the Ohio Lottery last week: Come prepared with a presentation this week (MONDAY) that would explain just how the Lottery plans to maximize its profits.

The request comes 13 months after the Kasich administration paid a New York firm , Moelis & Co., more than $15 million to produce a plan to maximize profits from all of the state’s gambling endeavors: Horse racing,  racinos, casinos and Lottery.

The Moelis deal was astonishing for two main reasons:

The unusually high, multi-million dollar fee it received. The Plain Dealer’s Brent Larkin said Moelis’ […]

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